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Jan 31, 2013
01/13
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we have got $16.4 trillion in debt today, so by the time the debt ceiling is reapplied, rei am posed, it will just under $17 trillion. now, at that point, we will be right back to the standoff that we were at very recently, standoff over what to do about this massive amount of debt we already have and the massive amount of additional debt that the administration would like to create. now, the administration's position is very clear. they want additional borrowing authority with no strings attached, no conditions, no limits on future spending. they just want to be able to keep borrowing. some on our side of the aisle feel very strongly that any increase in the debt ceiling that authorized still more borrowing needs to be accompanied with some measure of spending discipline so that we can at some point begin to regain control over these out-of-control deficits and the debt. well, in any case, what we know for sure is this tension will re-emerge and that we don't have a resolution in place now, and if this measure passes -- which very likely it will and it will be signed into law -- we h
we have got $16.4 trillion in debt today, so by the time the debt ceiling is reapplied, rei am posed, it will just under $17 trillion. now, at that point, we will be right back to the standoff that we were at very recently, standoff over what to do about this massive amount of debt we already have and the massive amount of additional debt that the administration would like to create. now, the administration's position is very clear. they want additional borrowing authority with no strings...
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Jan 31, 2013
01/13
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eye 84
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what do we do about the mounting debt? what do we do about having reached the debt ceiling? and will twe we do anything abot curving the spending that is -- mr. baucus: madam president, the senate is not in order. the presiding officer: the senate will be in order. mr. toomey: so -- thank you, madam president. so, the fact is, we're going to be -- mr. baucus: madam president, madam president, the senate is not in order. the presiding officer: the senate will be in order. the senators shall take their conversations out of chamber. mr. toomey: thank you, madam president. so my point is that we're going to be back at this situation where we will have reached the debt limit once again. we'll be at this impasse, as to how to resolve this situation, and none of us can possibly know today how quickly that will be resolved. we just can't know how the other body will vote, how this boat wil--how this body will vote, we can't know. and so it seems to me given the inherent uncertainty, we ought to at least have a contingency plan that minimizes any disruption in the event that the debt
what do we do about the mounting debt? what do we do about having reached the debt ceiling? and will twe we do anything abot curving the spending that is -- mr. baucus: madam president, the senate is not in order. the presiding officer: the senate will be in order. mr. toomey: so -- thank you, madam president. so, the fact is, we're going to be -- mr. baucus: madam president, madam president, the senate is not in order. the presiding officer: the senate will be in order. the senators shall take...
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Jan 30, 2013
01/13
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this week we expect to vote on a bill to extend the debt ceiling until this summer, a bill i'm very happy about it will not resort to what her previous efforts have done. this is the way things should work around here. i hope it's a vision of the future. it's far more common ground for democrats and republicans on the issues we face than people realize. certainly the last two years would suggest that it's incumbent upon us to seek the common good, the common ground rather than retreat the opportunity. i believe we've seen so far in this congress imposed software ability to deliver the middle class in coming months. we have big issues that hopefully we can resolve. we can face the difficult challenges ahead. [inaudible] i don't want you to stay here. we had a wonderful caucus today, where he taught about the work that's been done and 72 with immigration. we are far from having met john, but the work done by turbine, senator, bennett and menendez is very, very -- i'm very hopeful. the president is in las vegas today. he's put his arms around the four senators on the democratic side in repub
this week we expect to vote on a bill to extend the debt ceiling until this summer, a bill i'm very happy about it will not resort to what her previous efforts have done. this is the way things should work around here. i hope it's a vision of the future. it's far more common ground for democrats and republicans on the issues we face than people realize. certainly the last two years would suggest that it's incumbent upon us to seek the common good, the common ground rather than retreat the...
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Feb 4, 2013
02/13
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it was not addressed in the debt ceiling. the debt ceiling should have been extended, but we need to now deal with the fundamental problem that our spending and revenues are not in line. now, we could talk about the cause of how we got here. we could talk about how the congress reduced tax revenues while we were at war, a policy that i spoke out against and voted against, but our responsibility is to figure out how we go from where we are today with budget deficits that are not sustainable to how we can bring our country into better fiscal balance. we need a balanced approach. we need an approach that looks at spending, looks at revenues, that acknowledges that job growth is first and foremost our objective. we have got to create more jobs in our economy. more people working, less people needing governmental services, more people paying tax revenues. all of that helps generate the growth in our economy. we have got to protect the middle class. the middle class has been particularly vulnerable during this slowdown in our econo
it was not addressed in the debt ceiling. the debt ceiling should have been extended, but we need to now deal with the fundamental problem that our spending and revenues are not in line. now, we could talk about the cause of how we got here. we could talk about how the congress reduced tax revenues while we were at war, a policy that i spoke out against and voted against, but our responsibility is to figure out how we go from where we are today with budget deficits that are not sustainable to...
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Feb 5, 2013
02/13
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if republicans had time to this issue and said, you know, were not going to raise the debt ceiling unless at a certain amount of cuts, they would've caved in the end, would've been disastrous, much like what the fiscal cliff and i think boehner and right together did a very nice job convincing republicans that you can't govern from the house, but sure to be careful about getting into these high-profile, high-stakes, last-minute negotiations with the president. it worked in the white house, i worked in three administrations. they have a tremendous institutional at vantage in this kind of bias. i think what republicans have to do is avoid these sites come at the straps the democrats and president obama are laying, provide an alternative to passing legislation, just to show them this is how we recover if we have the powers of the presidency and the senate and to be careful and frankly the rougher edges republicans sometimes have. >> host: some republicans aren't happy sr is moving ahead. >> guest: i think if they had gone ahead, it would have been cataclysmic for the republican party. i say
if republicans had time to this issue and said, you know, were not going to raise the debt ceiling unless at a certain amount of cuts, they would've caved in the end, would've been disastrous, much like what the fiscal cliff and i think boehner and right together did a very nice job convincing republicans that you can't govern from the house, but sure to be careful about getting into these high-profile, high-stakes, last-minute negotiations with the president. it worked in the white house, i...
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Jan 31, 2013
01/13
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. >> what if lawmakers decide it was best to delay having to debate raising the debt ceiling? >> well, a decision by house republican leaders at their retreat about two weeks ago. they tried in 2011 to use the debt limit as a leverage point of force obama to swallow big spending cuts. it worked, but it was terribly damaging, but the the nation's economy and to their political capital. congressional plummeted to something like 9 percent. and they recognize that this was a bad idea. gambling with the faith and credit of the united states it turns out as a pretty bad idea. we were downgraded for the first time in the nation's history. they did not want to do that again. like us said, they did not want to vote for a bigger national debt either. that does not fit with their philosophy, so they came up with this strategy of saying, okay, we will suspend it. in the meantime, we really want the senate to pass a budget for 2014, and the law also says that if either chamber fails to adopt the budget by april 15th, their paychecks will be docked. so the whole idea of this thing is to a p
. >> what if lawmakers decide it was best to delay having to debate raising the debt ceiling? >> well, a decision by house republican leaders at their retreat about two weeks ago. they tried in 2011 to use the debt limit as a leverage point of force obama to swallow big spending cuts. it worked, but it was terribly damaging, but the the nation's economy and to their political capital. congressional plummeted to something like 9 percent. and they recognize that this was a bad idea....
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Feb 5, 2013
02/13
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eye 98
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you know, in washington over the past few months, our attention has been a cliff, ma on debt ceiling, budgets, deadlines, negotiations. all of this is extremely important because i don't think there's any substitute for getting our fiscal house in order. there's no greater moral imperative than to reduce the mountain of debt that is facing us, our children, and theirs. and are house republican majority stands ready for the president and his party to join us in tackling the big problems facing this country. but today, i'd like to focus really on what lies beyond fiscal debate. and over the next two years, our house majority will pursue an agenda that is based on a shared vision of creating the conditions of health, happiness, and prosperity for more americans and their family. and to restrain washington from interfering in those pursuits. we will advance proposals aimed at producing results in areas like education, health care, innovation, and job growth. our solutions will be based on the conservative principles of self-reliance, faith in the individual, trusting family, and accountab
you know, in washington over the past few months, our attention has been a cliff, ma on debt ceiling, budgets, deadlines, negotiations. all of this is extremely important because i don't think there's any substitute for getting our fiscal house in order. there's no greater moral imperative than to reduce the mountain of debt that is facing us, our children, and theirs. and are house republican majority stands ready for the president and his party to join us in tackling the big problems facing...
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Jan 29, 2013
01/13
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it is my hope that the debate over the debt ceiling will finally move our friends on the other side beyond their preoccupation with the horse race. already, senate democrats have committed to developing a budget this year after years of ducking their responsibilities to do so. hopefully this will be a serious exercise and not simply an excuse for them to try to raise taxes, which as we all know is just another way to avoid solving core problems. last week i came to the floor with a chart that showed that even if the president got every single tax increase he asked for, every one of them, we would still not evening come close to solving the problem. not even close. so let's not waste time with more pointless argument argument tax increases. we had that debate already. it's done, it's oamplet i call on democrats to approach it seriously and do it with order. we have to break this putting off all important work until the final hour. tweendz get back to regular order and that takes time. & that's why we need to get started right now. let the tough work of developing a budget and putting togeth
it is my hope that the debate over the debt ceiling will finally move our friends on the other side beyond their preoccupation with the horse race. already, senate democrats have committed to developing a budget this year after years of ducking their responsibilities to do so. hopefully this will be a serious exercise and not simply an excuse for them to try to raise taxes, which as we all know is just another way to avoid solving core problems. last week i came to the floor with a chart that...
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Jan 30, 2013
01/13
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eye 75
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ceiling. that extra time will give us a chance to break the democrats' other bad habit of leaving everything, literally everything until the last minute. but we can only do it if we get to work now and return to what we call around here the regular order. remember, regular order is how the senate is supposed to function. committees are supposed to be allowed to evaluate legislation. amendments are supposed to be considered, and the public is supposed to have a chance to scrutinize the proposals that are actually before us. look, i know that solving the debt challenge is not going to be easy. putting our country on a sustainable fiscal and economic path is going to require both parties committing to serious spending reforms. but this is a challenge we must overcome. by doing the hard work today, we can avoid a european-style catastrophe tomorrow. by reforming the functions of government that no longer make sense in 2013, we can do more than just control spending. we can encourage private sector
ceiling. that extra time will give us a chance to break the democrats' other bad habit of leaving everything, literally everything until the last minute. but we can only do it if we get to work now and return to what we call around here the regular order. remember, regular order is how the senate is supposed to function. committees are supposed to be allowed to evaluate legislation. amendments are supposed to be considered, and the public is supposed to have a chance to scrutinize the proposals...
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Feb 1, 2013
02/13
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either the debt ceiling or the sequestered or the sgr click. as congressional staffers, as i'm sure debbie can attest to, we are constantly living in this temporary environment because we have to. that is unfortunate the reality of the place. would all like to take some time and do a deep dive into deep policy thing and try to think of transformational ideas that can transmit everything, but when the kind of walked into work of reality kind of hits us. we have a job to do. we have to take care of the things that is most pressing on the front end and, unfortunately, that's kind of the environment we're living in. and it was a very interesting panel, especially the last one, where i was kind of hearing, and there's nothing better than congressional staffers who actually hear from people who actually practice medicine. actually talk to patients who are going through this. and one of the things that, you know, the reality that we suffer with, unfortunately, and this is something we all have to deal with, is just a fiscal reality. as you rightly poi
either the debt ceiling or the sequestered or the sgr click. as congressional staffers, as i'm sure debbie can attest to, we are constantly living in this temporary environment because we have to. that is unfortunate the reality of the place. would all like to take some time and do a deep dive into deep policy thing and try to think of transformational ideas that can transmit everything, but when the kind of walked into work of reality kind of hits us. we have a job to do. we have to take care...
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123
Jan 29, 2013
01/13
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eye 123
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ceiling bill that's now come over to the senate, it looks like the senate according to senator murray will now take up a budget. this is important because while republicans believe that spending is the problem not a lack of taxation, it's going to be a revealing exercise to see how this budget markup goes in committee and then, of course, on the floor. and it will be, i'm sure, a challenge for those who believe that more revenue is a solution as opposed to reining in spending to see how senate democrats produce 51 votes to pass a budget by the april 15th deadline. >> senate republicans just released a video that highlights the president's past statements when it comes to tackling the debt and his actual record when it comes to tackling the debt. and when out comes to reducing the debt as we would say out in the west, the president has been all hat and no cowboy. in other words, he's been all talk and no action. what we've seen over the past four years as trillion dollar deficits every single year, the debt has ballooned by 50%, and so the president's record and his rhetoric just don't
ceiling bill that's now come over to the senate, it looks like the senate according to senator murray will now take up a budget. this is important because while republicans believe that spending is the problem not a lack of taxation, it's going to be a revealing exercise to see how this budget markup goes in committee and then, of course, on the floor. and it will be, i'm sure, a challenge for those who believe that more revenue is a solution as opposed to reining in spending to see how senate...